Renew (LON:RNWH) Stock Rating Reaffirmed by Shore Capital

Shore Capital restated their buy rating on shares of Renew (LON:RNWH) in a research report report published on Friday morning, Marketbeat Ratings reports.

Separately, Berenberg Bank raised their target price on Renew from GBX 1,200 ($16.05) to GBX 1,250 ($16.72) and gave the stock a buy rating in a research note on Tuesday, June 11th.

Renew Trading Down 2.1 %

Shares of RNWH opened at GBX 1,112 ($14.87) on Friday. The stock has a market capitalization of £880.03 million, a P/E ratio of 1,806.45 and a beta of 1.06. Renew has a twelve month low of GBX 672 ($8.99) and a twelve month high of GBX 1,150 ($15.38). The company has a quick ratio of 0.81, a current ratio of 0.95 and a debt-to-equity ratio of 10.41. The firm has a fifty day simple moving average of GBX 1,077.64 and a two-hundred day simple moving average of GBX 1,036.72.

Renew Company Profile

Renew Holdings plc operates as a contractor in the field of engineering services and specialist building in the United Kingdom. The company engages in the provision of services to the rail, telecoms, water, highways, and energy networks. It offers operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering services; geotechnical and earthworks; plant, power, and signaling renewals; 24/7 emergency services; asset renewal and refurbishment; tunnel and shaft refurbishment, fencing, and devegetation; and in-house design services, as well as wireless telecoms installations; critical planned and reactive maintenance and renewals; acquisition, planning and design services; 3G, 4G, 5G, and Wi-Fi technologies; temporary sites and special events; and maintenance and decommissioning services.